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Listed by Marcus Rodriguez, DRE #02005100 • Keller Williams Property Team
$ 989,000
Est. payment | /mo
2.3 Acres Lot
$ 989,000
Est. payment | /mo
2.3 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRMC26099037
Year Built 1942
Lot Size 2.300 Acres
Source California Regional MLS
Property Description
Rare multi-family investment opportunity with seller-provided plans available to subdivide each property (Message listing agent for plans), allowing each home to be individually owned and sold - a valuable opportunity that will transfer to the new owner. Situated on just shy of 2.5 acres, this property features six separate units, each with its own address and separately metered utilities, including one 4-bedroom, 1-bath unit, three 3-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. Offering a unique blend of immediate income and future upside, three units are currently occupied by long-term month-to-month tenants, while the remaining three vacant units provide the flexibility to renovate, reposition, or lease at current market rents. This is an opportunity that opens the door to multiple investment strategies - whether that's creating long-term rental cash flow, executing a value-add resale plan, or building out a diversified portfolio with exit flexibility already in place. Properties with this level of versatility, land size, and future potential are rarely available.
Location
State CA
County Merced
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 061310011000
Special Listing Condition Not Applicable
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